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Peoples Bank Proposal Rejected for Fire Station Loan

City of Newton
Disclosed value
Not to exceed $5,562,000
From minutes
Document date
Feb 3, 2026
Term
15-year term
Renews
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The 30-second brief

What it covers

Peoples Bank offered a proposal for the fire station loan with the highest rate among respondents. Staff did not recommend their selection for award.

Who holds it

Peoples Bank holds this financial services contract with City of Newton. Its other public contracts on record include work for West Clermont Local Schools and Frenship Independent School District.

What happens next

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Contract details

Contract type
Financial Services
Amount
Not to exceed $5,562,000
Document date
February 3, 2026
Term
15-year term
Renews
On record
Vendor
Peoples Bank
Agency
City of Newton
Source document
Newton City Council Regular Meeting Minutes February 2026 (Minutes)

Peoples Bank's other public contracts

West Clermont Local Schools, OhioPeoples Bank Designated Interim Funds Depository · Oct 26, 2026UndisclosedWest Clermont Local Schools, OhioPeoples Bank Designated Active Funds Depository · Oct 26, 2026UndisclosedFrenship Independent School District, TexasFrenship ISD to Consider Peoples Bank Signage Agreement · Oct 19, 2026UndisclosedCity of Hawarden, IowaPeoples Bank Billing Fees Listed · Oct 14, 2026$40City of Everson, WashingtonEverson Approves Peoples Bank Loan Payment · Oct 13, 2026$26.5KAll Peoples Bank contractsVendor profile

More City of Newton contracts

Enterprise Fleet ManagementVehicle Lease Approved with Enterprise Fleet Management · Jun 2, 2026UndisclosedTOSHIBAFinal Toshiba Copier Lease Charges Pending · Jun 2, 2026UndisclosedLedford, Dustin WadeLedford Approved as Fireworks Operator for July 4 · Jun 2, 2026UndisclosedNewton Depot AuthorityDepot Authority Reimburses Public Art Mural Expenditure · Jun 2, 2026$14.1KAig Specialty ExcessAIG Insures City for Fireworks Event · Jun 2, 2026UndisclosedAll City of Newton activityAgency profile

Questions about this contract

Who was awarded the financial services contract by City of Newton?

Peoples Bank was awarded this financial services contract by City of Newton, as recorded on February 3, 2026. The contract value is Not to exceed $5,562,000.

How much is the Peoples Bank contract with City of Newton worth?

The Peoples Bank contract with City of Newton is valued at Not to exceed $5,562,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Newton City Council Regular Meeting Minutes February 2026 (Minutes), dated February 3, 2026 from City of Newton. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Peoples Bank hold?

Peoples Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is City of Newton currently buying?

Explore City of Newton's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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